Cobra's Market View

i don't understand this market: the rally is broad based but a few heavy weighted stocks are trying to push the market down, strange. the bias accordingly should be on the bull side. I think the major commodities and the dollar drives the market. I used to overlay either EURUSD or OIL on the top of...

We have to close in red, otherwise I will close my longterm short position.

Cobra wrote:i think we'll see breakout soon.

Did you mean down?

Silence

How=Who

The open. any of you remember the 3rd push I mentioned in yesterday intraday comment? Now here it is. You were absoluterly right. You are a good Elliottist! lol u sure u read his blog? pretty long i know, but worth to spend some time b4 open everyday. cobra mentions ew from time to time, but i thin...

Cobra wrote:The open. any of you remember the 3rd push I mentioned in yesterday intraday comment? Now here it is.

You were absoluterly right. You are a good Elliottist!

Cobra wrote:

gabor wrote:Cobra, so you are kind of bearish on short term, aren't you.

Did you read my report? Don't get me wrong. I think you might not know that I have other very detailed report everyday.

I did not know. Where it is?

Cobra, so you are kind of bearish on short term, aren't you.

Hi Cobra! Could you, please, be more specific. Rebound is always ambigous. It depends what you consider as a major direction. So, 3 push up and rebound means 3 push up and then down?

Could the market gap up from here tomorrow?

BillyRipken wrote:

cletus wrote:

99er wrote:YM
That should do it.
http://99ercharts.blogspot.com/2011/05/ym_09.html

More upside to come

Can anyone reconcile Gabor and Cletus' comments on 99ers charts? I'm sensing different views.

Of course, noone knows anything for sure. I feel uncomfortable too, because I am in short position.

I think, I definitely underestimated the strength of this bull market. It holds up quite well. Hopefully not too long.

99er wrote:YM
That should do it.
http://99ercharts.blogspot.com/2011/05/ym_09.html

YES, I think too, this is the essence. The medium term falling channel remained intact. I would not expect more pull up to these levels. Straight down is my best educated guess.

Cobra wrote:failed H2 long. Let's see H3 long or EMA gap long. I'll be BACC after lunch.

Sorry, what does H2, H3 long means? 2nd 3rd upward cycles?

There was a little jump up.

I would be surprised if this market could hold this gain. I suspect it was just a short covering.

Hi Everybody!

I am new here, this is just a test post.